Stock futures up, Obama to name Yellen as Fed chair
TOKYO (Reuters) - U.S. S&P 500 E-mini futures rose 0.3 percent in early Asian trade on Wednesday after a White House official said U.S. President Barack Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central Bank.
The gains in the S&P E-mini futures suggested a firmer open for U.S. stocks on Wednesday after the Standard & Poor's 500 index .SPX shed 1.2 percent on Tuesday as little progress was made to end political wrangling in Washington that could lead to a U.S. debt default.
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